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      "text": "We note that the date of the debt acquisitions disclosed here (March 21, 2021) differs from the date provided in the holdcos' own filings (December 29, 2020), likely because the debt and equity purchases were a two-part, coordinated transaction.",
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      "text": "We note that the date of the debt acquisitions disclosed here (March 21, 2021) differs from the date provided in the holdcos' own filings (December 29, 2020), likely because the debt and equity purchases were a two-part, coordinated transaction.",
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      "text": "Nel corso dell'esercizio 2021 la Società ha perfezionato le seguenti ulteriori acquisizioni: in data 12 marzo 2021... per un corrispettivo complessivo pari ad Euro 8.538.610, a fronte di un GBV pari ad Euro 25.273.573;",
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      "text": "CPI Italy 130 SPV's financials report it only paid €8.5 million, rather than €28.5 million. The disclosure also only shows it purchased loans with a Gross Book Value of €25.3 million, rather than €103.9 million:",
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      "text": "\"During the 2021 financial year, the Company completed the following additional acquisitions: on 12 March 2021... for a total consideration of Euro 8,538,610, against a GBV of Euro 25,273,573...\"",
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      "text": "\"During the 2021 financial year, the Company completed the following additional acquisitions: on 12 March 2021, on the basis of two sale agreements respectively with (i) Freccia Alata Real Estate S.r.l., and (ii) Lamaro Appalti S.p.A., it acquired a portfolio of rights receivables and monetary receivables deriving from some shareholder loans claimed against Peabody Lamaro Roma S.r.l. Unipersonale and Freccia Alata 2 S.r.l. Unipersonale, and towards Millennium S.r.l. Unipersonale - for a total consideration of Euro 8,538,610, against a GBV of Euro 25,273,573...\" — CPI Italy 130 SPV 2021 Financials",
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      "text": "1 Translated by Google. 2 CPI Italy 130 SPV's 2021, p. 8 Note: CPI Italy 130 SPV describes the purchased debt as shareholder loans; however, the three subsidiaries from whom the loans were purchased describe the debt as bank loans.",
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      "text": "CPI Italy 130 SPV's 2021 Financials Show Discrepancies",
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